
DISSOLUTION OF PARTNERSHIP
Authored by Priti Sharma
Other
12th Grade
Used 4+ times

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18 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Partners Loan Account is :-
Personal Account
Real Account
Nominal Account
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
6. Liabilities to third parties in case of dissolution of partnership firm do not include : -
Reserves
Credit Balance of P&L Account
Partners loan
All of the Above.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When Realisation expenses are borne& paid by the same partner :-
(a) No entry will be passed
(b) Realisation Account will be debited ,CashAccount will be credited
(c) None of above
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Partners loan Account is not transferred to :-
Bank Account
Realisation Account
(c) Partners loan Account
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Dissolution of the Partnership does not include :-
Admission of a partner
Death of a partner
Change in Profit-Sharing Ratio
Dissolution of firm
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Accumulated Profit /Loss are transferred to Partner’s Capital Account in case of dissolution in their
New Ratio
Gaining Ratio
Profit Sharing Ratio
(d) None of the above
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Unrecorded Asset taken over by a Partner at the time of dissolution of the firm is .................... to his Capital Account.
Debited
Credited
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